The pair has successfully overcome level (4/8) | 20 May 2015
20 May 2015, USD/JPY
4 hours’ chart of USDJPY. The pair has not only reached its nearest target on the main level of resistance and support but has also overcome it from bottom to top. Moreover, the pair is approaching the level (6/8) and it may serve as stop on the way of a further growth. Once it reaches the point (6/8), we will be waiting for a pullback with the first target based on 4 hours’ line of Supertrend.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
